Republic Bank Hires New Store Manager

PHILADELPHIA, June 20, 2013 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced the hiring of Tony Cavaliere as the Store Manager for the Media, PA Store. Tony's responsibilities will include developing new business relationships and enhancing existing Customer relationships in the Media market. In addition, Tony will be involved in many local events promoting the Republic Bank Brand in the community.

Republic Bank's current Media location is scheduled to relocate to the intersection of East Baltimore Pike and Route 252 (New Providence Road) this fall. The new location will be open 7 days a week with extended hours and feature a drive thru, ATM with 24/7 access, safe deposit boxes, free coin counting, and ATM/Debit cards issued on the spot.

Prior to joining Republic Bank, Tony was with TD Bank (formerly Commerce Bank) for nine years. His roles included Branch Manager of various Delaware County branches and most recently, Retail Market Manager for the Chester County region. Tony is involved with many local community organizations and holds board positions at Delaware County CASA Youth Advocates and Delaware County Community Foundation. Tony's community involvement and commitment to Customer Service is a perfect fit for Republic Bank.

Tony stated, "I'm excited to join Republic Bank and be a part of a growing organization. I look forward to working with a great team and expanding the presence of Republic Bank in the Borough of Media."

About Republic Bank

Republic Bank, a subsidiary of Republic First Bancorp, Inc., is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its thirteen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Voorhees and Haddonfield, New Jersey. For more information about Republic Bank, visit myrepublicbank.com.

Forward Looking Statements

Republic First Bancorp, Inc. ("the Company") may from time to time make written or oral "forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These factors include competition, timing, credit risks of lending activities, changes in general economic conditions, price pressures on loan and deposit products, and other factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.